CFRA Equity Analyst Zachary Warring discusses Nike’s latest quarterly results and strategic shift. Speaking on "Bloomberg The Close," Warring says that despite maintaining a buy rating, he calls the quarter and full-year guidance disappointing, noting double-digit revenue declines and earnings per share below his expectations. (Source: Bloomberg)
UK Prime Minister Andy Burnham wants to roll back decades of neoliberalism. Bloomberg Originals shows the hard choices coming amid a grim fiscal landscape.
The Bank of Canada’s second in command said the central bank is limited in what it can do to address home prices, arguing that the housing market should remain an input and not a target of interest rate decisions.
Two Federal Reserve officials, including Vice Chair Philip Jefferson, suggested policymakers should take more time before deciding whether additional interest-rate increases are needed to slow inflation.
Senegal’s bilateral creditors have agreed to establish an official creditor committee next week, clearing a key hurdle toward negotiations on restructuring the West African nation’s debt.
The economic impact of climate change is undeniable and must be factored into monetary policy, according to European Central Bank Governing Council member Olaf Sleijpen.
US manufacturing activity expanded at a slightly slower pace in September as factories balanced robust demand with resurgent costs and shipping delays.
Inflation in Peru’s capital accelerated to the fastest pace in three years in September, remaining stubbornly outside the target range and boosting pressure on the central bank.
Bank of England interest rate-setter Catherine Mann said a hike is needed to manage inflationary risks as financial conditions are still not tight enough.
Applications for US unemployment benefits edged down to the lowest level since July, while continuing claims dropped to a three-year low, indicating healthy labor-market conditions.
Brazil’s main steel association warned that imports still pose a threat, even with inbound shipments poised to fall 15% this year after anti-dumping measures against China.
Belgium’s five government parties are negotiating “in good faith” to reach a budget agreement, Deputy Prime Minister David Clarinval has said, as the country races to reach a deal before a mid-October deadline.
Chile’s economic activity unexpectedly fell in August as lingering effects from winter storms caused mining output to plunge, extending a slump that is dogging President José Antonio Kast’s administration.
Federal Reserve Bank of Minneapolis President Neel Kashkari said he doesn’t know how high interest rates will have to go to cool prices, adding it’s the central bank’s job to tame inflation after five years of supply shocks.
France’s fiscal watchdog warned that the economic assumptions enshrined in the 2027 draft budget are “optimistic,” raising risks for plans to reduce a bloated deficit.
Russia plans increased military spending for at least three years forcing the government to scour everything from mining windfalls to proceeds from the sale of seized assets for revenue as the war on Ukraine continues to reshape the country’s finances.
France’s government unveiled plans to sharply narrow the budget deficit by restraining spending and raising tax revenues, kicking off a debate that risks toppling the prime minister and stoking investor concern over the country’s debt.
Britain’s population rose at the slowest pace in almost three decades, when excluding the pandemic, as net migration tumbled and births barely exceeded deaths.
